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Board Room Economics is a book which is very helpful in providing a macroeconomic perspective and helping the directors to make a good decision in the economic arena. The book focuses on a specific group of companies, which make it important to understand the dynamics of the economic cycle.   Most of the companies today make use of the services of accounting firms. Companies are also taking help of economists for better management of their affairs. A proper understanding of economics and its macroscopic perspective can be achieved only when an in-depth knowledge of the business cycle is acquired.   A basic knowledge about economics and its macroscopic perspective can help in forecasting the future economic conditions of a particular company. This would give a clear picture of what the…

Different MacroEconomic Perspectives This might be called the macroeconomic perspective of the underlying economic laws, as well as the macro outlook of the fundamental laws of economics all of which are usually associated with those who work on the microeconomic side of the economy. It is essential to understand what these perspectives are and why they differ. This helps to explain why there are many different macroeconomic theories. One of the most critical macroeconomic perspectives is known as the Phillips curve. It is a concept from business economics. The idea is simple enough to explain; it is based on how the cost of goods tends to increase. For example, if oil prices rise, then so does the price of gasoline. Another popular macroeconomic perspective is known as the macro perspective…